PanARMENIAN.Net

Financial crisis won’t affect ACBA-Credit Agricole Bank
28.03.2009 14:31 GMT+04:00

/PanARMENIAN.Net/ ACBA-Credit Agricole Bank has not suffered losses
over the global economic crisis, the bank’s executive director said.

`The bank continues granting loans, although the amount has
decreased,’ Stepan Gishyan said.

Armenia’s financial system can withstand the global economic crisis,
according to him.

As to the doubts that the bank’s cooperation with French Credit
Agricole will weaken, Mr. Gishyan said that the crisis is a temporary
phenomenon and cooperation will strengthen